What costs are involved with buying a home?

buying your first property! When you finally get your deposit together, it’s really easy to get caught up in the moment and forget to budget for the other costs associated with buying your home, so here’s a quick checklist of things to include when planning your finances for your big move. The cost of taking out your home loan: When you take out a home loan, you’ll need to budget for the extra costs involved with getting it set up with the lender. These...

What is wrong with interest only loans?

It seems that they are nervous about Lenders dishing out too many interest only loans. Interest only loans are deemed as risky, mostly because the repayments will go up once the interest only period has finished and that may cause some people issues. There are all sorts of reasons why someone might want an interest only loan, but it’s the appropriateness of the loan and the sheer volume of interest only loans these days that is in question. It’s reported...

New homes and building your home

Over the last 18 months, our hot property markets have been driving rapid increases in home values, particularly in larger markets like Sydney and Melbourne. This has placed established properties beyond the reach of many home buyers and as a result, we have been seeing a corresponding boom in new housing construction across the country. For the year from March 2014 to March 2015, there were 210,484 new dwelling approvals which is a healthy 11.2%...

Do You Need to Refinance Your Home Loan?

The number of people refinancing their home loans has steadily increased over the past few decades. With interest rates at an all time low and with better competitive deals on offer, more customers are looking to refinance their home loan to secure: >> A lower interest rate >> Saving money by reducing your loan repayments >> A more flexible home loan product which offers redraw facilities and an offset account >> A reduction in...

Get Home Mortgage Loan To Buy Your New Home

Most people find it difficult to buy their home as they are not in a financial condition to afford it. If you are looking for a new home and if you don’t have enough money to make your purchase then you can apply for a home mortgage loan with which you could buy your dream home. Home mortgages are a typical kind of home loan in which you are required to keep your home as collateral against your home mortgage loan amount. All home mortgage loans are...

CIBIL Score and its impact on home loan

Did you have problem in getting home loan approved? Chances are your CIBIL score is not well maintained. The CIBIL TransUnion Score is a 3 digit numeric summary of your credit history which indicates your financial & credit health. The higher your score, the higher are the chances of your loan application getting approved! The score plays a critical role in the loan approval process. It’s a record of your credit history. i.e past loans or credit...

Find Out Why Springtime Is The Best Season To Sell Your Home!

Learn why it’s a great time to sell your home! When it comes to selling your home, it’s important to make your move at an opportune moment. There’s no better time to do so than the spring! Long known for its popularity, the spring season is the height of home buying season. With warmer weather and longer days, it allows new homeowners enjoy their purchase in beautiful weather, make any home repairs before winter rains come, and make a move before the...

Know How To Prepare For The Mortgage Qualification Process

Make sure you’re prepared for the mortgage process! Buying a home is a huge milestone in one’s life. But, in order to take that step, you need to qualify for a mortgage loan first. Muddling through the process can be difficult and confusing. You’re going to need the basics such as a down payment and proof of a stable financial history, but you can clarify the process with a few simple steps. Check out these simple tips to help you sail through the...

Why Selling Your Home Yourself Is A Mistake ?

Avoid the pitfalls of selling your home yourself! While you may think that selling your home yourself may be the way to go, there are lots of real estate pitfalls that you may fall victim to. From listings to negotiation, as a real estate novice, you may not be as prepared as you think you are to sell your home on your own. Check out why selling your home yourself may be a mistake. Negotiations. When reaching an agreement, there are bound to be lots of...

The Real Estate Freedoms of Retirement

Retirement comes with a side of freedom. With retirement, comes the freedom to do what you wish. Want to travel? You don’t need to request any time off from work. Want to take up golf? You have all day to practice driving the ball. Retirement gives all sorts of freedoms, including when it comes to buying a home. Because there are no longer any restrictions on needing to live in a certain place, retirees can choose to live wherever they want. As a working...